Personal Insurance Federation of Florida Releases TNC Legislation Guidelines

INSURANCE JOURNAL:  Transportation network companies such as Uber and Lyft represent a promising technology that can serve consumers well in the future, but Florida legislators should clarify the insurance requirements for these services in state law in order to adequately protect both drivers and passengers, according to a statement by the Personal Insurance Federation of…

Assignment of Benefits Reform – 2015 Legislative Proposals: Protecting Consumers

PROTECTING CONSUMERS AGAINST INSURANCE SCAMS Overview Assignment of Benefits (AOB) is a legal tool intended to ensure the prompt payment of vendors (such as contractor repairing home damage) who provide services to policyholders without requiring a policyholder to be involved in the payment process. However, in recent years, unscrupulous trial lawyers and contractors (often water…

Assignment of Benefits Insurance Reform – 2015 Legislative Proposals: Fact Sheet

The issue: Assignment of benefits is a legal tool that allows a policyholder to direct their insurance company to pay a vendor directly for work performed to repair damage to a home or other property. However, in recent years, unscrupulous trial lawyers and vendors have used AOB to inflate claims and file costly lawsuits against…

‘Assignment of Benefits’ a Bonanza for Trial Lawyers and Vendors, Bad for Consumers

By Peter Schorsch – Mar 26, 2015 Bills are gaining momentum in both the House and Senate to rein in a rapidly growing insurance scam in which sketchy trial lawyers and remediation firms are getting stressed-out homeowners to sign over their policy benefits and rights after a burst water pipe or similar home emergency. Assignment…

Home Repair Insurance Claim Fraud Hammering Florida – Representative David Santiago

Imagine this: You wake up to find your kitchen flooded from a broken pipe. You frantically call a water extractor who arrives and says, “Don’t worry. Just sign these forms and we’ll handle everything.” The truth is, you’ve just signed away control of your insurance claim and may have permitted unscrupulous third parties to inflate…